Virginia License Law
A Virginia licensee who knowingly assists a buyer in mortgage fraud by inflating the purchase price on a contract would face:
AOnly a VREB reprimand
BLicense revocation and potential federal criminal charges✓ Correct
CA one-year suspension
DMandatory additional continuing education
Explanation
Mortgage fraud is a federal crime. A Virginia licensee who knowingly participates in inflating purchase prices or other fraudulent schemes faces license revocation and potential prosecution under federal wire fraud and bank fraud statutes.
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